These five steps will help you to get, use, and keep good ideas. Learning is the acquisition of new information or knowledge, and retention is the ability to capture that information and recall it when wanted or needed. This can be broken down into five steps.
First on the list is Impact or the receiving of the idea into your mind. Impact can be in the form of a word, a visual observation or a concept. It may involve new information, or it may be a new juxtaposition of old information. This mental processing results in a new concept of the world, however small that concept may be. Thousands and thousands of bits of information, loose ideas, and more fully formed concepts continually wash through the mind. Separating out the useful is the first step; it is all too easily swept away in the torrent of everyday thought. Retention is now the more important facility.
To achieve that, the second step is Repetition. One university study revealed that an idea that was read or heard only one time was 66% forgotten within 24 hours. But if that same idea was read or heard repeatedly for eight days, up to 90% of it could be retained at the end.
So once you’ve read this article all the way through, go back and read it again. But this time read with a highlighter, a pencil and notepad handy. Mark up everything that needs to be highlighted. Write down the ideas you feel that fit your personal business situation. This repetition will help you retain more of the information than if you had read it only once.
The third step in the learning and retention process is Utilization. This is the “doing” step. It is here that neuromuscular pathways are actually developed, creating a “mind muscle memory.” And according to the study quoted earlier, once you physically experience an action, it becomes twice as easy to recall it than if you had heard it only.
The fourth step is referred to as the internalization. That is to actually make the idea a part of you. That may involve some customizing or tailoring of the idea to fit your situation or style, but it is vitally important for you to personalize the idea and make it “yours.”
The fifth step is Reinforcement. In order to maximize the effectiveness of an idea, you should continually be looking for ways to support and strengthen it. The more you can support the idea, the more you will believe it, the longer you will retain it, and the more effective it will become in helping you serve your customers’ needs.
Now, what does all this have to do with your business? In your daily business and personal activities, as well as throughout your experience, you are going to be exposed to a great number of ideas. Some will be brand new, that is, you’ve never heard them before. Some will be ideas you have heard in the past, but have forgotten. And others will be ideas you come up with on your own as a result of something that was triggered in your mind as you read. Understanding and applying these five steps in the learning and retention process can help you retain more of what you read and experience.
“Murray Priestley has 25 years of commercial and asset management experience having served in board, CEO and senior executive positions with a number of global public and private companies.”